The U.S. Ethereum Spot ETF has seen net inflows for eight consecutive weeks, indicating strong institutional demand.

Ethereum Spot ETF net inflow momentum continues The on-chain analytics company Glassnode released the latest data on platform X, showcasing the weekly net fund flow of the US Ethereum Spot ETF. The Ethereum Spot ETF, as an investment tool that provides exposure without the need to hold the asset directly, offers a more convenient way to invest in Ethereum for those who find cryptocurrency exchanges and wallet operations complex, as it trades on traditional platforms.

The Glassnode chart clearly shows that the Ethereum Spot ETF fund flow has recently shown a positive trend (green bars). This means that funds flowing into these ETF-associated wallets are continuous. Last week recorded a net inflow of 61,000 ETH (worth $157.3 million at current exchange rates). So far, this cryptocurrency Spot ETF has achieved net inflows for eight consecutive weeks.

As institutional investors generally invest in Ethereum through this channel, the continuous net inflows can be seen as a clear signal of institutional buying of Ethereum and reflect the strong demand for ETH from institutions. Despite this positive demand, the ETH price trend remains in a consolidation phase.

Bitcoin ETF also attracts capital inflow Ethereum is not the only asset favored by ETF funds. As on-chain analysis company Santiment pointed out in another X post, Bitcoin ETF fund flows have also shown impressive performance.

The chart shows that in the past 17 trading days, Bitcoin Spot ETF recorded net inflows of funds on 16 days. The only exception occurred on July 1, when there was an outflow of funds.

New capital influx on-chain into Ethereum and Solana According to another post by Glassnode on X, new capital inflows were observed on the Ethereum chain in the past week.

The chart shows the “Realized Cap for coins aged less than 1 week” data for Ethereum (ETH) and Solana (SOL). This metric measures the scale of new capital flowing into a specific network over the past week.

The chart shows that over the past week, the indicator for both ETH and SOL has increased, indicating that there is new capital flowing into the cryptocurrency market. Among them, SOL outperformed ETH, with their new realized market capitalizations reaching 6.2 billion dollars (ETH) and 8.3 billion dollars (SOL), demonstrating strong capital inflow into Solana.

ETH-4.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
King888vip
· 07-09 02:20
Just go for it💪
View OriginalReply0
King888vip
· 07-09 02:20
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)